UK wheat imports continue at a strong pace

Published May 16, 2024

Tridge summary

The UK has seen a significant increase in wheat imports for the current marketing year, with March imports reaching 199.0 Kt, a 63.0% increase year-on-year, and the season-to-date total reaching 1.6 Mt. The import pace has exceeded the five-year average since December. The top five import sources, accounting for 87.3% of imports, are Canada, Germany, France, Poland, and Denmark. Despite these increased imports and high milling premiums, availability of UK milling wheat is expected to remain tight due to a predicted 38% decrease in Group 1 wheat production for the next harvest.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sign up to receive the Weekly Market Report and Grain Market Daily from AHDB. UK wheat imports (including durum wheat) for March totalled 199.0 Kt, meaning this season-to-date (Jul-Mar) imports have reached 1.6 Mt, up 63.0% on the same period last year. Import pace had initially lagged behind the five-year average at the beginning of the marketing year (2023/24), however, since December, imports have surpassed average pace. From July to March this season, imports averaged 181.9 Kt a month, above the five-year average of 150.3 Kt and last year’s average of 111.6 Kt over the same period. For wheat imports (incl. durum), the top five import origins are Canada, Germany, France, Poland, and Denmark, which account for an 87.3% share of imports to the UK (Jul– Mar). Given the lack of high quality domestically produced wheat available at the moment, it’s expected that the majority of imports are high protein milling wheat. As such, Canada has exported the largest volume of wheat to the ...
Source: Ahdb
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